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How Much Is Homeowners Insurance, Average Cost By State

Homeowners insurance rates vary from state to state as living in different areas will bring various risks.If you’re on the coast or in tornado alley, rates will be a bit more compared to places with calm weather or less risk.  Insurers also focus in on the side of town you live.

If you live in an area with a lower crime rate you’ll notice a lower insurance rate compared to a home across town in an area prone to theft and reports of break-ins.  Below are the average annual premiums for homeowners insurance by state.  These premiums were averages taken from 2008 records.  As we come across more recent data we will add it to the recent column.

 

Average Cost Of Home Insurance By State

STATE

ABBR

2008_Average

Recent

Alabama AL

845

-

Alaska AK

856

-

Arizona AZ

628

-

Arkansas AR

788

-

California CA

911

-

Colorado CO

842

-

Connecticut CT

980

-

Delaware DE

535

-

District of Columbia DC

926

-

Florida FL

1,390

-

Georgia GA

749

-

Hawaii HI

862

-

Idaho ID

387

-

Illinois IL

628

-

Indiana IN

658

-

Iowa IA

612

-

Kansas KS

916

-

Kentucky KY

601

-

Louisiana LA

1,155

-

Maine ME

572

-

Maryland MD

637

-

Massachusetts MA

1,026

-

Michigan MI

715

-

Minnesota MN

845

-

Mississippi MS

980

-

Missouri MO

788

-

Montana MT

721

-

Nebraska NE

814

-

Nevada NV

692

-

New Hampshire NH

647

-

New Jersey NJ

691

-

New Mexico NM

703

-

New York NY

983

-

North Carolina NC

683

-

North Dakota ND

808

-

Ohio OH

565

-

Oklahoma OK

1,048

-

Oregon OR

439

-

Pennsylvania PA

586

-

Rhode Island RI

897

-

South Carolina SC

789

-

South Dakota SD

609

-

Tennessee TN

692

-

Texas TX

1,460

-

Utah UT

432

-

Vermont VT

650

-

Virginia VA

604

-

Washington WA

471

-

West Virginia WV

638

-

Wisconsin WI

503

-

Wyoming WY

676

-

What Does My Home Insurance Policy Cover?

In most cases you’ll find a home policy to be cheap if you consider the amount of coverage you receive with a standard HO3 policy. Not only are you protecting the value of the home you live in, a standard policy also covers the contents inside. You’ll also receive coverage for other structures on your property.

A standard HO3 homeowners policy will also cover you and your family members from liability claims. If your child walks the family pet and that pet gets off the leash and bites someone – your insured! You can learn more about the specifics of what homeowners insurance covers. You’ll find several benefits to the coverage you receive with a standard homeowners insurance policy.

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